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USSBC Contracts Awards Index Report – Q3 2022

USSBC Contracts Awards Index Report – Q3 2022

December 19, 2022 Quarterly USSBC Contract Awards Index Reports

Highlights from the Q3 2022 report include:

  • The total value of awarded contracts during the third quarter reached SAR25.2 billion ($6.7 billion), marking a 6 percent decline compared to last year. The total value reached SAR119.7 billion ($31.9 billion) through the first three quarters of 2022.

 

  • The USSBC Contract Awards Index reached 188.11 points as market fundamentals strengthen on growing construction activity.

 

  • The real estate sector captured the highest value of awarded contracts with approximately SAR12.6 billion ($3.3 billion). The transportation sector slipped to the second spot as the value of awarded contracts reached approximately SAR3.4 billion ($912 million). The water sector rounded out the top three sectors to reach SAR3.2 billion ($863 million) worth of awards.

 

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Tags: Architecture Construction & Engineering Economic Briefs
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